The A to Z Glossary of Credit KeywordsThere are 166 entries in this glossary.
Appointed by a creditor under a specific power arising under the terms of a fixed or floating charge. The receiver's duty is to realise the value of the asset charged for the benefit of his creditor/client. A company can continue to trade while in receivership but it cannot prevent a petition for its winding-up being presented to the court. An administrative receiver must be an insolvency practitioner.